Labor

Just a month after PepsiCo said it would lay off 80-100 people due to the 'unintended consequences' of Philadelphia's new soda-tax, Philly Coke, the local Coca-Cola bottler, has cut 40 jobs amid a 32% plunge in sales.

Since all of this is taking place as previewed in a recent post: "The 'Soda Police' Just Learned A Valuable Lesson About Taxes", we doubt it would come as a surprise to anyone, although we are confident that Philadelphia city workers will be amazed by these unexpected developments.

This could be the first official map produced by the European Union to exclude the UK. But it is also an inaccurate one: the UK is still a member state of the EU.

The implementation of the Greek pension reform of 2016, will lead to the sudden death of incomes for widows, and as KeepTalkingGreece reports, will push a large portion of population further into poverty. Widows’ pensions will be cut down to 50% of the deceased’s pension and new more restrictive age-based criteria will go into effect this month.

Authored by Thaddeus Howze via Medium.com,

For the sake of this essay, feudal economic models imply the idea that a very tiny segment of the society is fantastically rich while the bulk of society works hard, has few choices about the work they do, and tend to be poorly compensated for their efforts.

feu·dal·ism: noun, historical

Authored by Nicholas Colas via Convergex.com,

Last week’s Beige Book highlighted labor shortages for both skilled and unskilled workers, but perhaps employers are asking too much from certain applicants.